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CTDI Opens a Chesapeake Operation
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Communications Test Design Inc., a global provider of repair and logistics services to the communications industry, has leased 72,558 square feet of distribution space in the Indian River Distribution Center (IRDC) in Chesapeake. IRDC is 100 percent leased. It plans to renovate and upgrade the property into an operation that will employ about 50 people with an average salary of $40,000. CTDI is headquartered in West Chester, PA and has 45 global facilities and 5,000 employees. Major customers are telecom carriers and cable companies including Cox, AT&T, Sprint, Verizon, Time Warner Cable. http://www.ctdi.com
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Carrier Enterprises, LLC Located to Crossways Commerce Center
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Carrier Enterprises LLC has signed a 63,012 sq. ft. lease at Crossways Commerce Center for a seven-year term. The property is 88 percent leased. Carrier Enterprises (CE) is a subsidiary of Watsco, Inc., a HVAC/R distribution company. CE is headquartered in Orlando, FL and has over 1,600 employees in 150 locations throughout 28 states in Puerto Rico, the Caribbean, and Latin America. http://www.carrierenterprise.com
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Value Options Opens in Crossways Commerce Center
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Value Options, a large independent behavioral health and wellness company, has opened a 35,000 sq. ft customer service center in Crossways Commerce Center. Over the last few weeks, Value Options has advertised regularly in the daily newspaper regarding available job openings. www.valueoptions.com
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Serco, Inc. Locates to Diamond Hill Distribution Center
Serco, Inc. has signed a five-year lease for 52,054 sq. ft. at Diamond Hill Distribution Center. Diamond Hill is now 90 percent leased. Serco Inc., headquartered in Reston, VA, is a leading provider of professional, technology, and management services focused on the federal government. Serco employs more than 11,500 people in over 100 locations across North America. http://www.serco-na.com
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Zambia Ambassador Visits Chesapeake
Mrs. Sheila Siwela, the Zambia Ambassador to the U.S., visited with Chesapeake City officials on Sep. 13, 2011. Diversity Restoration Solutions, Inc. and the City's Economic Development Department hosted a reception at the Chesapeake Conference Center. www.diversityrestoration.com
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Cetan Corp. Makes the Inc. 500 List
Congratulations to Cetan Corp. which achieved a ranking of No. 119 on the 2011 Inc. Magazine’s Inc. 500 list! Inc. 500 recognized the fastest-growing companies in the country that are privately held, independent and had revenues of least $2 million in 2010. Brad Scott, President, Cetan Corp., founded the company in 2007 and revenues have grown 2,275 percent to $7.2 million. Cetan was also named the first Top Native American-run company and first in IT services in Virginia, as well as fifth in overall top companies.
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Init, Inc. Showcases Technology on Norfolk's New Light Rail System - The Tide
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Init, Innovations in Transportation, Inc., a global provider of intelligent transportation systems for public transit, was on hand Aug. 19th for the grand opening of Norfolk’s new light rail system, The Tide. INIT’s Automatic Passenger Counting (APC) technology is onboard The Tide’s news Siemen S70 vehicles. The company joined forces with local residents and businesses to volunteer as "Tide Guides” assisting riders with safety tips and instructions on how to use the ticket terminals. Init has over 25 years of global experience and 400 projects worldwide. www.initusa.com
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Terebinth Named Chesapeake's 2011 Virginia Black Expo Business of the Year
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Kisha Frazier and Alana Hernadez, co-owners of Terebinth A Sweet Retreat were chosen as the recipients of Chesapeake’s African-American Business of the Year Award. The award was presented at the Virginia Black Expo Business Breakfast held Aug. 18th at the Hampton Roads Convention Center in Hampton. The Terebinth owners were honored for their entrepreneurial leadership and community involvement. Terebinth is located at Chesapeake’s Towne Place, 717 Eden Way N. Suite 610
http://www.theterebinth.com.
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Carolina Cupcakery Competes on Food Network's Cupcake Wars
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Dawn Eskins, owner of Carolina Cupcakery, and her daughter, Kyndall, competed in the popular show, the Food Network’s Cupcake Wars, which aired on Sep. 11th. Carolina Cupcakery made it the finals but wasn’t chosen as the overall winner. The Carolina Cupcakery recently won a Virginian Pilot’s "Best of” contest. In 2007, the Carolina Cupcakery opened its first cupcake bakery in Chesapeake’s Edinburgh area and has grown to two locations in Norfolk’s Ghent neighborhood and its newest location—the Old Dominion University’s Webb Center. www.carolinacupcakery.com.
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Chesapeake Ranked No. 21 on America's 50 Best Cities |
Bloomberg and Businessweek.com published its first America's Best Cities ranking and Chesapeake made the list at No. 21. The magazine referenced Chesapeake's low unemploymnet, highly ranked schools, broad acres of parks, and great air quality. Other Virginia cities came in at Virginia Beach No. 8 and Arlington, VA No. 2. Raleigh, NC was named the No. 1 city on the list. Check out the 16 criteria and complete list at their website.
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| City Recieves Social Media Award |
The Public Technology Institute has named Chesapeake one of seven cities nationally for the Local Government Award Program – Harnessing the Power of Civic Media. The City’s Facebook Page, hosted by the Information Technology Department, stood out for the role social media played in the Fun Forest Rebuild Project.
Visit the City's Facebook Page>>>
City Maintains Prior Bond Ratings
All three of the major bond rating agencies - Fitch, Moody's and Standard & Poor's - have reconfirmed their prior ratings for the City's General Obligation Bonds. Additionally, each of the agencies gave Chesapeake a, "stable outlook" for the future. The City currently holds a "AAA" rating from Fitch, a "Aa1" rating from Moody's, and a "AA+" rating from Standard & Poor's. Each of the rating agencies noted Chesapeake's strong fiscal management policies and reserves when reaffirming the City's existing ratings.
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1112 Cavalier Blvd. |
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• 84,809 SF multi-tenant manufacturing building.
• 13.5± acre site.
• 13,000 SF of office area.
• Built in 1980. Renovation and addition in 1997.
• 21’ in center of warehouse, 16’ on sides.
• Two 10’x12’ overhead doors with access to a
triple-wide loading well.
• Metal construction.
• Wet sprinkler system.
• 93 marked parking spaces.
• Power: 480 volts, 3 phase and 277 volts, 3 phase.
• Sale Price: $4,500,000
• Lease Rate: $4.25 PSF, NNN
Stephanie Sanker, CCIM, SIOR
S.L. Nusbaum Realty Co.
(P) 757-640-2290 · (C) 757-679-1065
ssanker@slnusbaum.com
Bill Throne, CCIM, SIOR
Thalhimer / Cushman & Wakefield
(P) 757-499-2692 · (C) 757-581-9963
bill.throne@thalhimer.com
Flyer>>>>
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Online e-Permitting
The City of Chesapeake’s ezPermits service is a convenient permit processing and fee payment system which will enable citizens and contractors to apply for, pay for and print permits from their own home or office.
More Info>>>
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Chesapeake Virginia Wine Festival
Premier wines from around the world will be available for tasting at the 2nd Annual Chesapeake Virginia Wine Festival on Saturday October 29, 2011 from Noon – 6pm at the Chesapeake City Park on Greenbrier Parkway.
Website>>>
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